Business
Bengal Energy Ltd. Announces Oil and Natural Gas Resource Evaluation
Mar. 1, 2011 (Canada NewsWire Group) -- CALGARY, March 1 /CNW/ - Bengal Energy Ltd. (TSX: ...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n Mar. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, March 1 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the results of an independent Resource Evaluation\n Report (the "Report") pertaining to the lands situated within Authority\n to Prospect 732P (Tookoonooka Block) ("ATP 732P"), located onshore in\n the Cooper/Eromanga Basin, Queensland, Australia (the Company is\n currently awaiting the formal grant of ATP 732P from the Queensland\n government).  The Report was prepared by Ryder Scott Company-Canada\n ("Ryder Scott").  Ryder Scott is an independent petroleum consulting\n firm with offices in Houston, Calgary and Denver. The Report was\n prepared in accordance with the Canadian Oil and Gas Evaluation\n Handbook ("COGEH") and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI51-101") and has an effective date of February 1, 2011.  The ATP\n 732P Tookoonooka Block is surrounded by existing oil and gas fields,\n which produce hydrocarbons from analogous zones to those evaluated by\n Ryder Scott in its Report. \n\n\nAs of the date of this announcement, the Company is awaiting the formal\n grant of ATP 732P from the Queensland government.  Pursuant to a\n purchase and sale agreement dated December 11, 2009, the Company agreed\n to acquire a 100% working interest in ATP 732P, subject to the for...